Wednesday, June 15, 2011

A columnist asks, "Who SHot the Dollar?"

Following up on my earlier post today about the national debt, I thought this column was intriguing:

Who Shot The Dollar?

June 15, 2011 by John Myers
Who Shot The Dollar?
PHOTOS.COM
President Barack Obama delivered the deathblow to the dollar.

Who killed the U.S. dollar? This question will be debated by future historians. Already, more people are asking that question than tuned in to find out who shot J.R. on Dallas. The lineup of suspects is long, but it ends with Barack Obama, the triggerman who killed the buck.

The first wound came from Franklin Delano Roosevelt, who expanded the Federal government’s influence far beyond what the writers of the Constitution ever imagined. He devalued the price of gold and made it impossible for ordinary Americans to convert currency to bullion. But FDR was also crucial during America’s World War II victory, a pivotal event that set the stage for America to become the world’s largest creditor and greatest superpower.
More: http://www.personalliberty.com/conservative-politics/government/who-shot-the-dollar/?eiid=&rmid=2011_06_15_PLA_[P11408439]&rrid=387566735

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